CDFI Fund: Request for Public Comment – Bank Enterprise Award Program Interim Rule
The U.S. Department of the Treasury invites the general public and other Federal agencies to take this opportunity to comment on its revised interim rule implementing the Bank Enterprise Award Program (BEA Program), administered by the Community Development Financial Institutions Fund (CDFI Fund). The purpose of the BEA Program is to provide an incentive to…
CDFI Fund: 2016 CDFI Prize Competition Now Open
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is calling for interested Community Development Financial Institutions (CDFIs) or CDFI partners to submit ideas for the fiscal year (FY) 2016 CDFI Prize Competition. Up to $1 million is available for awards through the competition. While CDFIs nationwide have made great strides…
CDFI Fund: Learn More About “Pay for Success” and CDFI’s
The Nonprofit Finance Fund (NFF), a certified Community Development Financial Institution (CDFI), will host a webinar on June 22, 2016 to explore the various roles that CDFIs have played in the first ten Pay for Success (PFS) projects to launch in the United States. The webinar will also address common questions that CDFIs have about…
CDFI Fund: “Access to Capital and Credit in Native Communities” Report Released
NEW REPORT FOCUSES ON CHANGES OVER THE LAST 15 YEARS AND OPPORTUNITIES MOVING FORWARD May 23, 2016 A new independent report on access to capital and credit in American Indian, Alaska Native, and Native Hawaiian communities (Native Communities) was released today by the Native Nations Institute. The Access to Capital and Credit in Native Communities…
CDFI Fund: 2016 Capital Magnet Fund Application Demand & Review Process Update
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received a total of 125 applications under the fiscal year (FY) 2016 round of the Capital Magnet Fund. The Capital Magnet Fund offers competitively awarded grants to finance affordable housing solutions and community revitalization efforts that benefit low-income…
CDFI Fund: CY 2015 and 2016 Rounds of New Market Tax Credits Combined
Combined Round Will Provide Up To $7 Billion in Allocation Authority The Community Development Financial Institutions Fund (CDFI Fund) has amended its Notice of Allocation Availability (NOAA) for the calendar year (CY) 2015 round of the New Markets Tax Credit Program (NMTC Program). The CDFI Fund is releasing the amended NOAA in advance of its…